India Air Cooler Market Synopsis
India Air Cooler Market has been encountering significant growth over the past few years on the back of rising temperatures, increasing urbanization, growing lower middle-class population, surging infrastructural development, strengthening the residential sector, burgeoning rural electrification program, and rising disposable income.
According to 6Wresearch, India Air Cooler Market size is projected to grow at a CAGR of 14.6% during 2021-2027. With the rising middle-class population, increasing heatwave, growing work-from-home culture, better availability of electricity in villages, and a comparative price edge of the air coolers over the air conditioners, the air cooler market forecast is expected to show positive growth in the future. In terms of market segment by types, desert coolers dominated the air cooler market in 2020 owing to their large capacity, affordable prices, and easy availability and accessibility in both the organized and the unorganized sectors of the market.
COVID-19 Impact on India Air Cooler Market
The outbreak of COVID-19 during the year 2020 has resulted in the degradation of sales as a result of supply chain disruptions, irregular working days, shorter operational hours, and the closure of the organized retail sector, including malls and big retail chains. Additionally, changes in the spending priorities of the consumers and deferring purchase behaviour during the first wave of covid- 19, contributed to the misery even more.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Key Performance Indicators Impacting the Market.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- COVID-19 Impact on the Market.
- Forecast Data until 2027.
- Major Upcoming Developments and Projects.
Key players in the market
Some of the key players in the India Air Cooler Market are:
- Havells India Limited.
- Usha International Limited
- Ken Lifestyles Private Limited
- Orient Electric Limited
- Symphony Limited
- Groupe SEB India Private Limited (Maharaja Whiteline)
- Voltas Limited
- Ram Coolers
- Bajaj Electricals Limited
- Blue Star Limited
Key Highlights of the Report
- Industry Life Cycle
- Company Profiles
- Porter’s Five Forces Model
- Key Strategic Recommendations
- India Air Cooler Market Outlook.
- Market Drivers and Restraints
- India Air Cooler Market Forecast.
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